Joined: Sep 15, 2009
Posted: Sep 15, 2009 08:16 AM
Msg. 1 of 1
i think the MB forex datafeed would be an ideal candidate to add to the basic fx service. It should be easy and cheap to get, they have a lot of quote-updates compared to other firms, they have fractional quotes (1/10) - and they are a multibank/ecn platform that displays the best bid/ask from multiple sources. So it is a very good representation of the overall market.
The MB datafeed is available via the premium service/Tenfore (i.e. EURUSD.EFXG) - but there are some problems with that: it is slow, quotes are lagging up to 1 second compared to what i see on the MB order-entry platform itself. I'm guessing that's Tenfores fault.
In addition to that, Tenfore rounds the quotes to the nearest pip (MB quotes in 1/10 pips) and thus drops most of the quote-updates. So it is not an accurate representation of the mb datafeed.
I'm sure DTN could do a much better job than Tenfore, should you decide to add this (which i hope).